Trump this.

[rareboy]

 

[rareboy]

 

[rareboy]

 

[rareboy]

More naked hypocrisy from TrumpCo. on HB-1 visas.....

Trump called this visa 'very bad' for Americans. Truth Social applied for one

The social media company founded by former President Donald Trump applied for a business visa program that he sought to restrict.

apnews.com

 

[rareboy]

And pretty much an admission that TrumpCo. is fighting the short sellers by boosting their own stock. Likely using their free cash to buy the shares in order to reach the threshold of releasing the 40 million bonus shares. Didn't stop it from hitting $31.25 this afternoon though. But every time the sellers turn up, Devin Nunes must be sitting there waiting to send a buy order.

 

[TX-Beau]

...It is not immediately clear if Trump’s remarks violate Merchan’s gag order. A hearing on the gag order will be held Tuesday, when Merchan is expected to rule on if the former president’s recent social media posts violate the order...

MSN

www.msn.com

Of course, Toad violated the gag order. $3000.00 will not stop him, and pretending to sanction him but never doing anything that will actually cost him only reinforces that he can do anything he wants and that legal sanctions are just a joke.

Here's an idea: why not start sanctioning the lawyers who are abetting him?

 

[rareboy]

Sounds like a plan.

 

[smokeshadow]

Awwwwwwwe, poor baby. The Donald complains that he's not allowed to talk due to gag order; but, everyone else can talk about him

Trump Complains He's 'Not Allowed to Talk' as He Gripes Live on Camera

At the end of another short courtroom day that required barely three hours of Donald Trump’s time, the ex-president spoke to reporters inside Manhattan’s Criminal Courts Building to complain about a wide variety of perceived and alleged wrongs he is suffering, including, not being “allowed to...

www.thenewcivilrightsmovement.com

 

[KaraBulut]

And pretty much an admission that TrumpCo. is fighting the short sellers by boosting their own stock. Likely using their free cash to buy the shares in order to reach the threshold of releasing the 40 million bonus shares. Didn't stop it from hitting $31.25 this afternoon though. But every time the sellers turn up, Devin Nunes must be sitting there waiting to send a buy order.

36 million shares, actually.

Today, there were the usual pundits wringing their hands and saying, "The judge can't put Trump in jail. He's just going to use it to fundraise!".

They're completely missing the DJT/Truth Social grift. The stock closed at $32.57 today. That DJT stock bonus Trump just got was worth $1.2 BILLION dollars, bringing the value of his stock in DJT to $3.7 billion. By awarding Trump massive amounts of stock, he's diluting the value of everyone else's shares while creating "shares" that transfer value from the stockholder equity to Trump's holdings. Trump is making money by transferring massive amounts of money into a company that has no income and a dwindling subscriber base. Even if the stock tanks, he has enough equity to back loans and keep his businesses going.

They're worried about Trump making a few million in campaign donations because he got sent to jail for a few days? They're completely missing the level of the grift. This was the real reason he ran for President in 2016.

https://www.cnbc.com/2024/04/23/trump-media-shares-plunge-before-former-presidents-stock-bonus.html

 

[rareboy]

He gets 36 million with the other 4 divided up among others.

But it is still on paper.

And the moment those 40 million shares are out there, a lot of dumb fucks who invested their life savings (apparently there are those who have according to their whining on Truth Social), are about so see what diluted value really looks like.

 

[KaraBulut]

He gets 36 million with the other 4 divided up among others.

Yep. Ergo that lawsuit mentioned in a post a while back...

Trump sues Truth Social co-founders, says they're not entitled to stock shares

Andy Litinsky and Wes Moss sued Trump in February, alleging he was trying to "drastically dilute" the value of their shares.

www.nbcnews.com

...And the moment those 40 million shares are out there, a lot of dumb fucks who invested their life savings (apparently there are those who have according to their whining on Truth Social), are about so see what diluted value really looks like.

Diluting already thin soup!

Granted that I stopped understanding corporate valuations somewhere around the time that Facebook became more valuable than IBM (on paper, at least) but for someone to buy stock in a company with no revenue, only multi-million dollar losses, that is clearly a vanity project for someone who is 77 years old and whose brand is increasingly tarnished with each passing day... I'll never get it.

 

[rareboy]

 

[TX-Beau]

MSN

What a slimy fuck. On the TV last night, the floating heads were saying that the reason Pecker turned was that Toad didn't pay him. There is no one in Toad's orbit who isn't sleazy and corrupt.

 

[rareboy]

You are right. Everyone in Trump's orbit makes you need to have a good scrub-down with lye soap...and Pecker was right there helping the ring-master of Fake News/ Father of Lies spread his filth.

 

[rareboy]

I thought the beat-back on the shorts would let up, but Devin Nunes' cow is still busy with her 'buy' orders to keep the price floating in the $32 range. Part of me really wants the buyers to be all the Trump Kool-Aid drinkers that are emptying their retirement savings in order to own the Libs.

 

[rareboy]

 

[TX-Beau]

You are right. Everyone in Trump's orbit makes you need to have a good scrub-down with lye soap...and Pecker was right there helping the ring-master of Fake News/ Father of Lies spread his filth.

For example,

...Devin Nunes is escalating his fight against Wall Street traders dealing in the company's stock, turning to his one-time colleagues on Capitol Hill for help...is pressing top House GOP lawmakers to open up investigations into what he called "anomalous trading" by professional market players betting on the stock to decline...

MSN

www.msn.com

So, how much mooooolah has Devin lost already? How much more does he stand to lose?

 

[TX-Beau]

I thought the beat-back on the shorts would let up, but Devin Nunes' cow is still busy with her 'buy' orders to keep the price floating in the $32 range. Part of me really wants the buyers to be all the Trump Kool-Aid drinkers that are emptying their retirement savings in order to own the Libs.

Any legitimate buyers are probably the same marks who bought the shoes. NFTs, altered Bible, etc. At this point, they deserve to be conned out of their money.

The stock manipulation, however, is con men trying to out con each other. I suspect that Devin has either taken payment in stock or is heavily invested in it. Hence the hissy fit, trying to force the SEC and Congress to "investigate" fund managers for doing what fund managers always do. Manipulate the market.

 

[KaraBulut]

Uh oh. Someone's been moo-nipulating the stock price!

https://www.cnn.com/2024/04/24/business/trump-media-truth-social-stock-manipulation/index.html

Trump Media & Technology Group is asking Congress to investigate its suspicions that illegal activity is driving down its share price.

In a disclosed on Wednesday, Devin Nunes, the CEO of Truth Social owner Trump Media (DJT), alerted the GOP Chairmen of the House Ways and Means, Judiciary, Financial Services and Oversight Committees to the “urgent matter” of “potential manipulation” of the company’s share price.

And here's an angle that had no occurred to me: the stock is considered such a loser that it is driving up demand in the "loan" market for short-selling.

Jay Ritter, a finance professor at the University of Florida, said there are more obvious explanations for why some traders are betting against Trump Media.

“The reason that short sellers want to short the stock is because the stock is overvalued,” said Jay Ritter, a finance professor at the University of Florida. “It does not require a PhD in finance to come to the conclusion that the stock is wildly overvalued and is almost certain to fall in price.”..

Citadel fired back at Trump Media last week, telling CNBC in a statement: “Devin Nunes is the proverbial loser who tries to blame ‘naked short selling’ for his falling stock price.” The Citadel spokesperson added: “If he [Nunes] worked for Citadel Securities, we would fire him.”

 

[rareboy]

Just a daily reminder of who we are dealing with.